Pentwater Capital Management Reduces $21M in Core Scientific, Inc. ($CORZ)
Key Points
- Pentwater Capital Management changed its Core Scientific, Inc. ($CORZ) stake by 3.0% last quarter, cutting to 24,852,000 shares worth $685.92 million.
- Wall Street's consensus rating on $CORZ is Strong Buy and an average price target of $32.55.
- $CORZ last traded around $27.60.
Pentwater Capital Management trimmed its position in Core Scientific, Inc. ($CORZ) by 3.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,852,000 shares of Core Scientific, Inc. after selling 763,000 shares during the quarter. Pentwater Capital Management's holdings in Core Scientific, Inc. were worth $685.92 million as of its most recent filing.
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About Core Scientific, Inc.
Core Scientific, Inc. provides infrastructure for high-density colocation services and digital asset mining in the United States. It operates through three segments: Colocation, Digital Asset Self-Mining, and Digital Asset Hosted Mining. The company offers space, power, cooling, facilities operations, security, and other services to third-party customers to support workloads for machine learning and artificial intelligence; deployment, monitoring, troubleshooting, optimization, and maintenance of its customers' digital asset mining equipment; and electrical power, repair, and other infrastructure services for its customers to operate, maintain, and mine digital assets. It is also involved in the deployment and operation of its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks to receive digital assets in the form of bitcoin. It also deploys and operates its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks; and provides hosting services for digital asset mining customers, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.
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